The provinces of Valle del Cauca and Cundinamarca receive the most remittances

According to figures released by the Bank of the Republic, during the first quarter of this year, the total remittances sent by Colombians and other citizens to the country amounted to 2,475 million US dollars, which is an increase. 34.2 percent compared to what it reached in the same period in 2022.

From the United States, 53 percent of these resources amounting to $1,326 million arrived, which is an increase of 27.7 percent compared to the first quarter of 2022, when a total of $1,038 million was sent from that destination, Which country was the most developed in sending these resources.

Spain was the second exporter in the January-March period, with $312 million in total, but it recorded a decrease of $11 million in those resources, with the number rising in the first quarter of 2022 to $323 million.

In the first quarter of this year, 1,326 million US dollars arrived from the United States, 312 million US dollars from Spain, 119 million US dollars from Chile, 82 million US dollars from the United Kingdom, and 6 million US dollars from Venezuela . The latter has shown a reinvigoration, after several years in which numbers have slumped With amounts that did not reach 100,000 US dollars per month.

Evaluation by departments

With US$650 million at the end of the first quarter of the year, the Valle del Cauca administration has consolidated itself as the largest recipient of remittances, accounting for 20% of the national total.

In the first three months of the year, $295 million in remittances from workers reached that department from the United States, followed by those sent by those living in Spain, with $109 million, then Chile is the destination country, with US$45.5 million.

Remittances worth $45.3 million were sent from the UK.

From other countries they sent a total of 154 million US dollars to Valle del Cauca in the first three months of this year.

From the United States, US$295 million in money orders from workers reached that department in the first three months of the year.followed by those living in Spain, at US$109 million, and then Chile as the destination country, at US$45.5 million.

Remittances worth $45.3 million were sent from the UK.

From other countries they sent a total of 154 million US dollars to Valle del Cauca in the first three months of this year.

US$450 million arrived in the province of Antioquia between January and March, of which US$42 million arrived from Spain, US$11 million from Chile and US$8 million from the United Kingdom.

Another major recipient of remittances, According to the statistics of the Bank of the Republic, it is the Risaralda constituency, Which in the first quarter of the year received a total of 118 million US dollars from all countries, of which 62 million US dollars came from the United States, 28 million US dollars from Spain, 7 million US dollars from Chile and 4 million US dollars from the United Kingdom , and so forth, $160,000 from the neighboring country, Venezuela.

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